Grand Central: Why the World Still Loves U.S. Treasury Debt

HILSENRATH’S TAKE
Last year’s taper tantrum is starting to look like a little footnote in bond market history.
Yields on 10-year Treasury notes dropped below 2.5% last week. This is remarkable given the fact that U.S. job growth is heating up, inflation readings firming and the Federal Reserve has said affirmatively that it plans to stop buying U.S. and mortgage bonds by October

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